Deutsche Bank pays $38 million fine for silver price fixing

[mr-dead]

Deutsche Bank pays $38 million fine for silver price fixing:

Another conspiracy proven to be correct.

http://www.zerohedge.com/news/2016-10-17/deutsche-bank-pays-38-million-settle-silver-manipulation-lawsuit

 

[HawkHybrid]

it's not what you think it is.

 

deutche was fined for small price fixes for

immediate gains. if people read this as proof 

that pms were rigged on a large scale over a

lengthy period of time like from 2011-2015

then they are mistaken.

 

HH

[sovereignsteve]

It just shows you that it was/is possible to fix these markets.

Therefore, knowing what we do about these people, I think we can safely assume these markets have been and continue to be fixed on a large scale.

[HawkHybrid]

the fix was not to drive pm prices down as many

insist is true. deutche merely moved prices

marginally both up and down to make it's position

on pms more favourable at the point of trading.

 

think of it like hgm waiting a few minutes to

improve the trading price of that days gold

depending on what stock they had. hgm does

not manipulate the gold price on a large scale.

 

if deutche can and have reason to move the pm

prices down. then why did they not do it from

dec 2015 until now? how about from 2009-2011?

 

markets go up and down. just because the

fundamentals favour you it doesn't mean the

market will go your way. sometimes it takes many

years for fundamentals to show through.

 

many who bought pms in 2011 blame the

manipulation for their multi year loss.

 

HH